Tip:
Highlight text to annotate it
X
the same meal released a major report lots of information about the economy
some other good summer that bad but there's only one back
that the mainstream media want to talk about today and that has to do with
Obamacare
costing jobs and so specifically %uh there's a section in the CV or poor that
says
the reduction in CB owes projections about hours worked represent a decline
in the number of full-time equivalent workers
about two million in 2017 rising to about 2.5 million
in 2024 now as you might suspect there's more going on than what's just in that
sentence
but immediately republicans and other right-wing media have jumped on it
Lindsey Graham tweeted: this out Obamacare will cost our nation about 2.5
million jobs and increase the deficit by $1 trillion dollars
I Speaker John Boehner says for years Republicans have said that the
president's health care law represents up presenter
site creates uncertainty for small businesses hurts take-home pay
and makes it harder to invest in new workers the middle class getting
squeezed in this economy
and the CB over poor confirms that Obamacare is making it worse
and even the new york times by the way the paper record
says the CD or port is providing Republican opponents of the law
speaking about the AC a a powerful political weapon leading up to this
year's midterm
elections min now unfortunately for those Republicans are actually they
probably don't give a damn
but if you care about the truth if that actually costing those jobs what's
really happening is that
under Obamacare the number hours worked would decrease by about 1.5 to 2 percent
during that time frame
and those lost hours where they translated into the equivalent
up 2.5 million jobs the jobs
are now lost the apple or willingly choosing to work
fewer hours either in a job that they were tainted or leaving a job that they
work basically job locked into because they wanted to retain
other health insurance now the AC A's freeing up from that
yep so two points about that I find it really interesting that Republicans are
so against the Affordable Care Act
and they're trying to make this point especially because republicans will make
the argument that a person
should have the ability to leave a job in order to find something that better
suits them
and not feel pressured to stay at one place because it provides health
insurance
now that all employers will have to provide some form of health insurance to
its employees
a full-time employees well now a sudden you have a little more flexibility
you're not stuck doing something that you just like
because you can go somewhere where you feel like you're treated me well with
more respect
or you're doing something that you like more whatever the reason is and that
flexibility is so important yeah
republicans used to say that they would favor about what happened now we've got
some others that we read yeah
now some things a little differently I'm another thing that I will say
is look Island read that CE
CBR report and it's tricky right and and the thing is
anyone can use statistics and twisted in a way
where it'll suit their agenda and they can use it for their objectives
but like you read that and it is a little tricky right like I'm like wait
what does that mean does it mean really lose two million jobs well let's get
some clarity on this yet but we got Paul Ryan so I we've got
a couple republicans %uh Paul Ryan he has his own
objective but that I actually miss got this clip is him talking to
wanted the the official that the CPO and they're gonna lay out
exactly what the CDO meant when they wrote that in a report what is your best
estimate the effect
that Obamacare will have a total number hours worked which is
the issue we're talking but I just wanna make sure we're week we accurately
understand what it is you're saying
right we think that the Affordable Care Act will reduce the total number of
hours worked in economy
by between one and a half and two percent between 2017 and 20
24 relative what would have happened in the absence that act
what is that Inc a quick one FT's full-time couldn't
workers my best to the conclusion that we dont to translate that
but suggest that equivalent to between two and two and a half million
up production in full time equivalent employment
so just big make sure we're everybody understands this and I think
reading the report two million equivalent in 2017
I am 2.3 million equal than 20 21 and 2.5 million equivalent in 2024
writes mister chairman so just understand this it's not that
are employers are laying people off it's that
people aren't working in the workforce
arts applying labor to the equivalent of
two and a half million jobs in 2024
and as a result that lower work work participation rate that
less labor supplied lowers economic growth
yes that's right researcher yep all although it seems without saying a
presumably if they're not being supplied by those workers wouldn't
other people then fill-in get out that is where that nobody is mentioning that
got away
they talk about like let's look stop the illegal immigrants in America and get
the job so they understand if you get one person to another person
but for some reason when these people willingly opt out at the jobs
can't replace them yet that person with indispensable yet not even know Jim
he was great as job but actually really great point yeah I'll be able to make it
I will say this and it's very rare that this ever happens the fact I don't think
this is ever happened I will
I give Paul Ryan some credit for clarifying this
and refusing to use the CB 0 report as a way of pushing his agenda because that's
what a lot of republicans have obviously done
and he took the time to ask a number of questions to clarify it
and I think that that was a really classy thing for him to do abut
with that said he's also hold it a classy thing for me to do because he
could have got on with the republican narrative that you know the Affordable
Care Act is gonna cost
cost the US economy 2.5 million jobs you know how much
how great does that sound for their party um even though their party
would have been supportive of the Affordable Care Act if a Republican
president had proposed that
but anyway up the one thing that I will also say is
he Ryan then turned around and said this is where he loses the class
hit around said well this is a good news because it means Americans are lazy
yeah know so that we don't know where to go for making dietary lose me that %uh
they're gonna work last
we want back yet those 67-year-old who are only
still working because they need desperately to have their health
insurance we're finally going to be freed from it
through the eighth day lazy okay alright little early people consider that come
election time
but I there but there's another reason perhaps what Paul Ryan is defending this
portion a vaca
and that is because Paul Ryan and many other Republicans have
for a number of years been advocating for exactly this liberating people from
their employer-provided health care
so we've got some quotes let's start with Paul Ryan actually
so the key question that ought to be addressed in any health care reform
legislation
years ago is are we going to continue job lock or are we going to allow
individuals more choice and portability to fit the 21st century workforce
let's see we've got this is %uh under the mccain plan
which link tax breaks directly individuals instead to their place at
work
very important individuals it would no longer feel obligated to stay with their
employers simply because they need to keep their employer-based health
insurance
fascinating though the Republican nominee I'm not not too long ago Mitt
Romney I also why individuals to be able to buy insurance health insurance
on their own as opposed to only being able to get it on a tax-advantaged basis
through their company
they've been pushing for this but apparently when it actually I
comes into operation if they get some kind of political advantage at a bit
they're gonna take a
okay republicans are never genuine in their disdain for the Affordable Care
Act
would be really hate is that the Obama administration is getting name
recognition for something that will be very very popular it's
becoming more and more popular as more elements a bit are being enacted right
but but I mean this was a a republican plan to begin with right
in Massachusetts republicans heat that Obama's gonna get the credit for it
so they're doing everything they can to repeal it or to make it seem like it's
worse than it really is
it's a huge handout to private industry to private companies right that's like
the republicans wet dream
so everything that they say against the Affordable Care Act is completely
you know anything negative to the complete lie they don't believe it
themselves it's just
a political game and you know you look back at what they said in the past and
you realize that